Articles

Insurance

E&S lines premium growth accelerates in response to 'underwhelming' underwriting results: Fitch

According to a new report by Fitch Ratings, the excess and surplus (E&S) lines market in the US grew 15 percent in the first half of 2019 - a trend it says will continue in the near future.   30 September 2019

Insurance

London Market Group shuts down market modernisation programme LM TOM

The board of the London Market Group (LMG) has confirmed that its market modernisation programme, the London Market Target Operating Model (LM TOM), will cease to operate in its current form.   27 September 2019

Insurance

AIG hires senior Argo and Chubb leaders for global specialty business

American International Group (AIG) has appointed two senior leaders in its global specialty business to drive underwriting strategy for aerospace and energy & construction practices.   26 September 2019

Insurance

Scott Hallett appointed to new role of investment director at GRP

Global Risk Partners (GRP) has appointed Scott Hallett to the newly-created role as investment director.   26 September 2019

Insurance

Insurance groups urge delay on IFRS 17 until 2023 as 'significant issues not addressed’

Insurance bodies have called on the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17, the new accounting standard, to 2023, saying a “number of significant issues have not been addressed”.   26 September 2019

Insurance

Satellite technology helps Lloyd’s speed up claims process for nat cat: McKenzie

Satellite imagery technology is a key part of the push at Lloyd’s in using technology to speed up claims payments following natural catastrophe events, according to McKenzie Intelligence Services (MIS).   26 September 2019

Insurance

AI insurtech omni:us lands €1.6m European funding to develop machine learning-powered claims solution

Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has secured €1.6 million of European Commission funding to develop its machine learning-powered insurance claims platform.   26 September 2019

Insurance

Re/insurance potentially 'decisive' in tackling climate change, Bank of England’s Mark Carney tells UN Climate Action Summit 2019

Mark Carney, the governor of the Bank of England, said the re/insurance sector has a “crucial” role and “unique contribution” to make in tackling climate change and smoothing the transition to a 1.5 degree world.   26 September 2019

Insurance

AXA XL bolsters mergers & acquisitions underwriting team in US

Insurer AXA XL has promoted promoted mergers & acquisitions (M&A) underwriting duo Michelle Jensen and Pietro Tarone in the US.   26 September 2019

Insurance

Insurtech Digital Fineprint raises $4m to fund expansion plans in North America

London-based insurtech start-up Digital Fineprint (DFP), a provider of commercial insurance analytics, has secured a $4 million investment from Eos Partners and Pentech Ventures to support its expansion plans, and formed a new partnership with RSA Insurance Group.   26 September 2019

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